COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Exploring the Shifts in Bitcoin Accumulation Metrics
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Exploring the Shifts in Bitcoin Accumulation Metrics
Bitcoin (BTC)

Exploring the Shifts in Bitcoin Accumulation Metrics

In Brief

  • Recent data shows some Bitcoin whales reducing their holdings.

  • Despite this, overall Bitcoin accumulation metrics remain stable.

  • Analysis indicates a nuanced picture of whale activity and holdings.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Recent data indicates that some Bitcoin (BTC) whales have been reducing their accumulation recently. Initially, this development might seem negative, but other measurements show that there is no need for alarm at the moment. Here are the details!

Contents
Critical Metrics in BitcoinBitcoin Alert from Santiment!

Critical Metrics in Bitcoin

Glassnode’s analysis of the Bitcoin accumulation trend score reveals a significant change, with the score hovering around zero. At the time of writing, the trend score was approximately 0.026, indicating one of the lowest points recently. The Bitcoin accumulation trend score serves as an indicator of the relative size of actively accumulating tokens measured against BTC assets on the blockchain. The indicated score reflects both the balance size of institutions and the number of new cryptocurrencies bought or sold last month.

A score close to 1 indicates significant accumulation of larger tokens or a major portion of the network. Conversely, a score near 0 indicates distribution or a lack of accumulation. Santiment’s analysis of the supply distribution metric revealed a notable decrease in the assets of Bitcoin whales. Holdings in these addresses dropped from 3% to about 2.8%. However, while a decrease was observed in major whale addresses, other whale addresses were seen accumulating. A more detailed examination of the graph showed that these addresses, despite some declines, recorded a recovery.

Bitcoin Alert from Santiment!

In contrast to the stagnant trend in major whale addresses, these other addresses were active. This indicates that not all whale addresses are distributing their tokens. Instead, some are actively accumulating. Considering the total number of holders analyzed by Santiment, growth continues. At the time of writing, the total number of Bitcoin holders was 53.68 million. This figure shows an increase of about 1 million from April 1 to the date of publication. Despite the distribution observed in whale addresses, this increase in holder numbers could indicate that there has not been a significant drop in BTC accumulation.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Surges Past $100,000: Institutional Buyers Fuel the Rally

Strategy Accelerates Massive Bitcoin Acquisitions

Bitcoin Surges Towards New Heights as Market Dynamics Shift

US-China Trade Talks Propel Bitcoin Towards Record Highs

Bitcoin Forecast: Rekt Capital Predicts New Peaks and Market Phases

COINTURK NEWS 24 April, 2024 - 8:53 pm 24 April, 2024 - 8:53 pm
Share This Article
Facebook Twitter
Share
Previous Article Exploring Recent Cryptocurrency Price Predictions
Next Article Exploring the Potential Rise of Altcoins in the Crypto Market
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

XRP Defies Market Trends with Surprising Price Surge
Ripple (XRP)
Watch Ethereum Skyrocket: A Meteoric Rise Outshines Rivals
Altcoin News
Experience Seamless ADA Transactions Directly on the Brave Browser
Cardano (ADA)
New Revenue Model Empowers Coin Creators at PumpSwap
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?